States via Markets and Markets via States: Symbiosis and Change, Not Conflict

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Author(s): Herman Mark Schwartz (University of Virginia, USA)
Copyright: 2018
Pages: 10
Source title: Positioning Markets and Governments in Public Management
Source Author(s)/Editor(s): Helisse Levine (Long Island University, USA)and Karina Moreno (Long Island University, USA)
DOI: 10.4018/978-1-5225-4177-6.ch001

Keywords: Business Science Reference / Government & Law / Public & Sector Management / Public and Sector Management

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Abstract

Theories that the state and market are in a conflictual and binary relationship read the history of the past 30 years as a triumph of the market and a withering of the state. The underlying alleged conflict between state and market misrepresents history and reality. States and markets are commingled forms of power; each cannot exist without the other. States and markets operate on different logics and constantly mutate in response to changes in their environment. States constantly face competitive threats and need markets to generate revenue in efficient ways; market actors face competitive threats and need states to stabilize production and exchange relationships. States and market actors both need each other as a place to externalize threats to their legitimacy.

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States via Markets and Markets via States: Symbiosis and Change, Not Conflict

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